Wall St stumbles on weak data, comments from hawkish Fed
Fed’s Bullard, Mester back rate rises US retail sales fall in December Indexes down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% 18 Jan. (Reuters) – Wall Street’s major indices fell on…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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Goldman misses earnings estimates as deal closings slump and consumer business hits
17 Jan. (Reuters) – Goldman Sachs Group Inc (GS.N) reported a larger-than-expected 69% drop in fourth-quarter earnings on Tuesday as it struggled with a slump in deal closings, a drop…
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Wall Street ends lower for a third straight day as recession concerns mount
US business activity slumps in December Meta jumps on JP Morgan rating upgrade Adobe climbs on optimistic profit forecast Dow down 0.85%, S&P 500 down 1.11%, Nasdaq down 0.97% NEW…
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Goldman is going to lay off thousands of employees as the number of layoffs on Wall Street increases
NEW YORK, Dec. 16 (Reuters) – Goldman Sachs Group Inc (GS.N) plans to lay off thousands of employees to navigate a tough economic environment, a source familiar with the matter…
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